ASV expands US rubber track factory

Grand Rapids, Minnesota - ASV, Inc. has announced plans to expand its Grand Rapids, Minnesota manufacturing facility. Under the plan, ASV intends to approximately double the size of its current machine production facility with a 120 000 square foot (11 000 m²) addition.

2005 has been a very strong year for both ASV and the Rubber Track Loader market,” said Gary Lemke, ASV Chairman and ceo. In anticipation of future growth, and recognising the lead times necessary to complete such an expansion, we have begun the design and planning process to significantly increase our manufacturing capacity. Once completed, we feel this new addition will improve the overall flow of our current production processes, and provide the capacity needed to support our growth in the future.”

Construction on the expansion is expected to begin in the second quarter of 2006, with completion targeted for late 2006. The estimated cost to construct and equip the facility addition is expected to be in the range of $5.0 to $5.5 million. The Company anticipates funding this expenditure with available cash.

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Press releasefrom ASV

ASV to double size of production facility Herald Review (US - Minnesota)